Dire Warnings from Papandreou in D.C. Visit

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Greek Prime Minister George Papandreou speaks in calm, measured tones, but he is clearly determined to do what it takes to pull the debt-crushed remnants of his country’s economy out of the fire. This week he is in Washington campaigning for a unified front against the “unprincipled” financial speculators who are betting that his crisis-hit country will default on its loans. At the Brookings Institution on Monday, he called for joint a U.S.-EU “initiative in dealing with speculators.” His government has introduced draconian reforms, but progress was being undermined, he said, by “the global power of poorly regulated markets . […]

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